Is Summerfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Summerfield has remained a Seller's Market.
Housing Prices in Summerfield, FL
How much do homes in Summerfield, FL cost?
Median Sold Price
$445,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Summerfield was $445,000 in April 2024, down 11% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $285K | -10.9% |
3 Bedrooms | $493K | $475K | -3.7% |
4 Bedrooms | $627.5K | $625K | -0.4% |
5+ Bedrooms | - | - | N/A |
Summary: Summerfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Lakewood Ranch Country Club | $947.5K | $1.0M | +13.7% |
Lakewood Ranch | $640.2K | $629.9K | -1.6% |
Summerfield | $499.9K | $445K | -11.0% |
Greenbrook | $640K | $555K | -13.3% |
Riverwalk | $772K | $637K | -17.5% |
Housing Supply in Summerfield, FL
How many homes are available in Summerfield, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Summary: The Summerfield real estate market had 31 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summerfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Summerfield in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Summerfield, FL
How long does it take to sell a home in Summerfield, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 19 Days | -63.5% |
Summary: Homes in Summerfield had an average of 19 days on market in Apr 2024, down by 63.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Summerfield; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.